Banking & Finance
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1.5KWorld Bank Approves ₦12.88tr Loans to Nigeria in Two Years
The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to...
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1.5KFIRS Begins E-Invoicing for Large Taxpayers
The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at revolutionising tax payment in the country. The...
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1.5KBanks Reduce SLF Patronage as Borrowing from CBN Plummet by 12.84%
Amid excess liquidity in the financial sector, banks and merchant banks borrowing from the Central Bank of Nigeria (CBN) dropped by 12.84...
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1.6KBOI Continues Disbursement of ₦75b MSMEs Intervention Fund
Bank of Industry (BOI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by...
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118Banks Add 2.7m New Accounts as BVN-linked Accounts Rise to 66m
The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit...
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1.4KBanks Halt Instant Alerts for Cheques Pending Clearance
In compliance with a recent directive from the Central Bank of Nigeria (CBN), banks have begun suspending instant transaction alerts for cheques...
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1.5KSevere Credit Constraints Crippling Manufacturers –NCGC
The Federal Government has reiterated its determination to bridge the credit gap for Micro, Small and Medium enterprises (MSMEs), local manufacturers and...
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1.3KNigeria’s Financial System Stable, Reforms Irreversible –Cardoso
As global headwinds torment financial markets, the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has asked anxious Nigerians and the international...
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1.4KHigh Interest Rates Now Nigeria’s Biggest Business Threat –CBN
Businesses across Nigeria are feeling the squeeze of rising borrowing costs, with high interest rates emerging as the most pressing constraint to...
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1.5KFG Gets Fresh $500m World Bank Loan to Finance Electricity
In spite of the N4 trillion debt owed the electricity sector, the Federal Government has again obtained a $500 million loan from...
